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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$182,380$182,380$270,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$87,620$0
Funding fee$912$912$0
Note rate2.79%2.79%7.18%
Blended rate2.79%4.805%7.42%
1st payment$859.06$859.06$1,829.07
2nd payment$0.00$657.15$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$340.00$340.00$340.00
Total monthly$1,434.81$2,091.96$2,458.82
Cash to close$117,620$30,000$30,000